UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


 FORM 8-K

  CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 23, 2010 (December 20, 2010)

JUMA TECHNOLOGY CORP.
(Exact name of registrant as specified in its charter)

Delaware
 
000-105778
 
68-0605151
(State or other jurisdiction 
 
(Commission 
 
(I.R.S. Employer 
of incorporation)
 
File Number)
 
Identification No.)



154 Toledo Street 
   
Farmingdale, NY
 
11735
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (631) 300-1000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
TABLE OF CONTENTS
 
   
Page
     
FORWARD LOOKING STATEMENTS
 
1
     
Item 8.01. Other Events
 
1
     
Item 9.01. Financial Statements and Exhibits.
 
2
     
SIGNATURES
 
3
 
 
i

 
 
FORWARD LOOKING STATEMENTS
 
Statements in this Current Report on Form 8-K (including the exhibits) that are not purely historical facts, including statements regarding Juma Technology Corp.’s beliefs, expectations, intentions or strategies for the future, may be forward-looking statements”. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, introduction of products in a timely fashion, market acceptance of new products, cost increases, fluctuations in and obsolescence of inventory, price and product competition, availability of labor and materials, development of new third-party products and techniques that render Juma Technology Corp.’s products obsolete, delays in obtaining regulatory approvals, potential product recalls and litigation. Risk factors, cautionary statements and other conditions which could cause Juma Technology Corp.’s actual results to differ from management’s current expectations are contained in Juma Technology Corp.’s filings with the Securities and Exchange Commission. Juma undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this filing.
 
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
 
Item 8.01. Other Events.
 
As previously reported (Current Report on Form 8-K filed on September 23, 2010), the Company, on September 17, 2010, had entered into a letter of intent (the “Letter of Intent”) with ConvergeOne Holdings Corp (“Converge”). Under the terms of the Letter of Intent, Converge, through a subsidiary (the “Purchaser”), was to acquire from the Company the assets of the Company’s solutions and maintenance business, free and clear of liens and encumbrances.  The closing of the transaction was subject to a number of conditions including the completion of due diligence.

On December 20, 2010, Converge notified the Company that it was terminating its due diligence and that it had elected not to proceed with the proposed transaction.

 
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Item 9.01. Financial Statements and Exhibits.
 
(a) Not applicable.
 
(b) Not applicable.
 
(c) Not applicable.
 
(d) Not applicable
 
 
- 2 -

 
 
 SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
 
JUMA TECHNOLOGY CORP.
 
     
By:
/s/ Anthony Fernandez
 
 
Anthony Fernandez
 
 
Chief Financial Officer
 

Date: December 23, 2010

 
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